Silver Book Fact

In 2004, around 8% of older Americans incurred $2,500 or more in prescription drug costs.

Federal Interagency Forum on Aging-Related Statistics. Older Americans 2008: Key Indicators of Well-Being. Washington, D.C.: U.S. Government Printing Office; 2008. https://agingstats.gov/docs/PastReports/2008/OA2008.pdf

Reference

Title
Older Americans 2008: Key Indicators of Well-Being
Publisher
U.S. Government Printing Office
Publication Date
2008
Authors
Federal Interagency Forum on Aging-Related Statistics
URL
Read Full Resource

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • Almost 37% of older persons reported a severe disability in 2006 and 16% reported that they needed some type of assistance as a result.  
  • The average annual rate for home health aides is $25.32. This includes licensed and Medicare-certified home care providers, non-certified but licensed home care providers, and non-certified and non-licensed home care…  
  • The health care portion of the GDP was 16%, which was slightly higher than the 15.9% in 2004.  
  • In 2004, hospital spending, which is 30% of national heath expenditures, increased by 8.6%.  
  • 2/3 of Medicare expenditures are for the 9.5 million beneficiaries who have 5 or more chronic conditions.